S&P Global Inc. $SPGI is Titan Global Capital Management USA LLC's 5th Largest Position

Key Points

• Titan Global Capital Management USA LLC increased its holdings in S&P Global Inc. by 4.6%, owning 53,045 shares valued at approximately $26.95 million.
• Multiple institutional investors have recently acquired positions in S&P Global, contributing to institutional ownership of 87.17%.
• S&P Global reported a quarterly EPS of $4.43, surpassing the consensus estimate, along with a 5.8% year-over-year revenue increase.

Titan Global Capital Management USA LLC boosted its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 4.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,045 shares of the business services provider's stock after buying an additional 2,356 shares during the quarter. S&P Global makes up about 5.5% of Titan Global Capital Management USA LLC's holdings, making the stock its 5th largest position. Titan Global Capital Management USA LLC's holdings in S&P Global were worth $26,952,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. 1832 Asset Management L.P. increased its position in S&P Global by 55.1% in the first quarter. 1832 Asset Management L.P. now owns 166,359 shares of the business services provider's stock worth $84,527,000 after buying an additional 59,105 shares during the last quarter. Compound Planning Inc. boosted its holdings in shares of S&P Global by 12.8% in the first quarter. Compound Planning Inc. now owns 1,822 shares of the business services provider's stock worth $926,000 after acquiring an additional 207 shares during the period. Norinchukin Bank The boosted its holdings in shares of S&P Global by 2.7% in the first quarter. Norinchukin Bank The now owns 105,210 shares of the business services provider's stock worth $53,457,000 after acquiring an additional 2,807 shares during the period. CW Advisors LLC bought a new position in shares of S&P Global in the first quarter worth $2,729,000. Finally, United Asset Strategies Inc. boosted its holdings in shares of S&P Global by 4.5% in the first quarter. United Asset Strategies Inc. now owns 3,345 shares of the business services provider's stock worth $1,700,000 after acquiring an additional 143 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Price Performance

SPGI traded up $3.49 during trading on Friday, reaching $555.93. The stock had a trading volume of 1,060,179 shares, compared to its average volume of 1,238,374. The stock has a market cap of $169.73 billion, a PE ratio of 42.76, a PEG ratio of 2.98 and a beta of 1.19. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05. The business has a 50-day moving average of $534.30 and a 200-day moving average of $513.75.

S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results on Thursday, July 31st. The business services provider reported $4.43 EPS for the quarter, beating analysts' consensus estimates of $4.18 by $0.25. The business had revenue of $3.76 billion for the quarter, compared to analysts' expectations of $3.65 billion. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The firm's revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. As a group, equities research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, August 26th. S&P Global's dividend payout ratio is currently 29.54%.

Analyst Upgrades and Downgrades

SPGI has been the subject of a number of analyst reports. UBS Group raised their price target on S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Argus raised S&P Global to a "strong-buy" rating in a report on Friday, May 16th. Barclays increased their price objective on S&P Global from $610.00 to $620.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Wells Fargo & Company increased their price objective on S&P Global from $632.00 to $660.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, Robert W. Baird lowered their price objective on S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $611.69.

About S&P Global

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.